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20121007
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CNBC
Oct 4, 2012 9:00am EDT
your official obama campaign response with the co-founder and former ceo of car max next. >>> and facebook marking a milestone, officially reaching 1 billion monthly active users. hear what facebook ceo mark zuckerberg has to say about leveraging that milestone in an nbc exclusive. >>> u.s. retailers coming in solid, eased up on big spending ahead of the holiday season. we'll sort through the numbers and give you the look ahead to the holidays. >>> first, the first presidential debate, as we said, now in the books. romney and obama facing off last night in their first presidential debate. among the topics they sparred over, revenue. take a listen. >> there has to be revenue in addition to cuts. now, governor romney has ruled out revenue. he's ruled out revenue. >> absolutely. look, the revenue i get is by more people working, getting higher pay, paying more taxes. that's how we get growth and how we balance the budget. but the idea of taxing people more, putting more people out of work, you'll never get there. >> for reaction from the obama campaign, the co-founder and fo
CNBC
Oct 1, 2012 9:00am EDT
and it will limit the upside for next year. >> is there a point at which you see obama in the polls and you say actually now i believe that we are going to get the tax hikes and the market should fall? there must be a watershed quite soon as we head towards particularly what happens in the house and the senate. >> our focus has been on the senate. we think that's what's going to mostly influence the outcome. i hope there's appetite to see the rates low. i don't see a benefit from raising them. i would call a coin toss on the senate outcome. but wiser minds will see the wisdom of helping the fed in its efforts to stimulate asset prices by not onerously raising taxes on the most important asset class other than homes. >> have you actually calculated a number? you said it would give back some of the rally. but is there a number or a percentage? >> 12-month price target is 1,500. we've written in our research that 1,600 would be a reasonable 2013 end. i need to see an acceleration in global growth. >> contingent on both, not just the tax issue? >> both. somewhere between 1,500 and 1,600. >> david,
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